CASH IN TRANSIT COMPANIES
Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
Ahead of June 4, be relatively light & in cash; curtail trading: Dipan Mehta
Dipan Mehta advises caution and light trading ahead of the upcoming election dates. He emphasizes the importance of being in cash and watching the election results closely for investment decisions.
Rishi Sunak's summer election brings hope to Britain's bruised financial sector
Executives in London's financial hub are cautiously optimistic about the upcoming UK elections on July 4, hoping for a government that prioritizes stability and supports the finance sector. Despite the likelihood of a Labour Party victory, which would mark a significant political shift, business leaders are relatively calm. Boris Johnson's past dismissals of financial concerns, particularly regarding Brexit, strained relations with the City, but recent efforts to mend ties have been noted.
Red Sea crisis driving up cost of white goods
The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.
ETMarkets AIF Talk: Fund Manager with Rs 1,000 cr portfolio nearly doubles wealth in a year; holds 10% cash amid election uncertainty
Arun Chulani, Co-Founder of First Water Capital, discusses the fund's impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge's Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."
DXC Technology tumbles 18% as investors fret over latest restructuring plan
Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates.
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Tariffs and timidity are driving US carmakers into a ditch
Biden's Inflation Reduction Act aims to boost the economy and shift to zero-emission cars. Ford, GM struggle with EV targets. Tesla cuts workforce, US EV sales rise modestly. Biden plans tariffs on Chinese clean tech, facing challenges ahead.
Byju’s unveils key changes in sales pay structures, product pricing
Byju's reduced course fees by 30-40%, raised incentives by 50-100%, shifted to a pull-based sales model, and lowered annual subscription costs for the Learning App, emphasizing flexibility and support for the sales team.
Turning trash into cash: Entrepreneurs redefine waste management
A growing number of entrepreneurs are turning trash into cash through tech and innovation. Can it make a difference to the mounting challenge of waste management?
Extra cash or career advancement: How to make side hustles work for you
India's side-hustle economy is thriving, offering opportunities for career growth through supplementary income activities. It's crucial to balance side hustles with primary jobs and seek mentorship for success.
INOXGFL plans to invest Rs 20,000 cr in green energy, chemicals business
The group operates in two broader segments-chemicals and renewables-comprising fluoropolymers, fluorochemicals, solar, green hydrogen and wind energy. Of the total planned investment, 60-65% is likely to go towards renewable energy addition, Jain said.
It’s a buy-on-dips market but we have not increased cash allocation: Abhay Agarwal
Abhay Agarwal says "we have recently rebalanced our model portfolio, booked some profits in small and midcaps that we have over allocated to last year at the same time and redeploying them in largecaps where we see more value now. That is the only change that we have made in the portfolio. Other than that, we do not have increased cash allocation."
Stocks to buy: 5 companies poised for growth in March quarter: Up to 17.2% upside potential
Given the potential for increased volatility in the upcoming months, investing in companies anticipated to deliver strong performance could be a prudent strategy. These firms are expected to deliver a strong performance and offer a cushion against rising volatility. The following are five such companies offering a double-digit price potential.
Job market witnessing rebalancing after rush of cash flow seen immediately after Covid-19, says Upgrad co-founder Ronnie Screwvala
Upgrad co-founder highlights job market trends, growth in placements, and focus on future careers in data, tech, ML, and AI. Emphasis on upskilling and intellectual capital creation in small towns and hinterlands for India's transition.
Not banks, prefer industrials, manufacturing & domestic economy focused companies in our portfolios: Deepak Shenoy
Deepak Shenoy analyzes market trends, including smallcaps' PE ratios and Q4 results' impact. He discusses the banking sector, industrial manufacturing, market fear, and investment interests in hospitality and electrification themes, highlighting the ongoing challenges and opportunities in the evolving market landscape. He says: "We are seeing industrial manufacturing growing at a much faster pace and at relatively low debt levels."
An emerging headwind may provide opportunity for long-term investor; 5 Logistics companies with an upside potential of up to 35%
When it comes to investing based on sectoral trends, it is important to keep eyes both on the tailwinds and headwinds. Why headwinds, because they sometimes end up providing opportunities for investors with long term perspective. Especially in times like today when bears are seen more often on the street. In the last two days there has been chatter that oil prices may further strengthen upward. While rising oil prices is a headache for the whole of the Indian economy, the fact is it has the highest co-relationship with a sector like logistics, where change at the pump level prices hit the margins very next day. Will the oil prices rise further in the months to come because if they are moving upward in the summer season where the demand is normally lower, then is it an indication that in winters things might even be higher? Whether the oil prices actually shoot up or not, it would become much later but one set of companies which will get impacted by narrative would be logistic companies. So, when the narrative makes them hit, should they be looked at with a long term investment perspective is the question which needs to be answered.
ARC security receipt recoveries likely to jump 60% on retail boom
The recovery rates in Security Receipts of Asset Reconstruction Companies (ARCs) are expected to improve by 5% - 7% to as high as 60% in the next fiscal due to rising cash transactions, higher retail loans and faster recovery due to better quality assets, said Crisil.
Global tax deal: Large Indian companies check readiness, assess impact
The Pillar Two model rules under Global Anti-Base Erosion Regulation have been crafted to ensure that large multinationals pay a minimum level of tax. They apply to companies that are members of a multinational group and have had annual sales of ₹750 million or more in the ultimate parent entity's consolidated financial statements for at least two of the four fiscal years before the tested year.
Billionaire Adani Group’s refinancing risks ebb on earnings lift
The group’s Ebitda, or earnings before interest, tax, depreciation and amortization rose more than 60% to 194.75 billion rupees ($2.3 billion) in the third quarter ended Dec. 31 with a bulk of that coming from the transport, infrastructure and energy units of the conglomerate. The group reported an Ebitda of $9.5 billion for the nine months to Dec. 31.
Ford slows EVs, sends a truckload of cash to investors
Ford is slowing investment in new EV capacity to match slower demand following a seismic change in EV pricing over the past year, Ford executives told analysts. The next generation of Ford EVs will be launched "only when they can be profitable," Marin Gjaja, head of the Model E EV business, told analysts Tuesday.
Budget: Govt puts off equity infusion in state oil companies to next fiscal
The government has also scrapped its plan to spend ₹5,000 crore on filling the strategic petroleum reserve (SPR). Crude oil has been very volatile this fiscal year and is currently trading around $80 per barrel, making it harder for officials to make purchase decisions.
Brookfield seals $2.5-billion all cash deal to acquire ATC India
The acquisition after months of negotiations marks the Boston-based independent tower company’s exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment.
Can PSU banks spark off a good rally for 2024? What to bet on in energy transition?
“Businesses and utilities which have access to right cost of capital and second point here being that their ability to stay disciplined and not just chase growth for the sake of growth, I think a combination of this will matter and in my reading there are a lot of select businesses with few select business opportunities with those with credible managements.”
Won't take any more impairment charges for UK operations transition: Tata Steel MD
Tata Steel will not incur additional impairment charges due to the transformation of its UK operations into cleaner manufacturing. Managing Director TV Narendran believes that the UK transition, backed by a £500 million government contribution, will cost structure by £100-150 per tonne post-transition Negotiations with the UK government will provide benchmark for Dutch discussions.
What to expect from TCS Q2 earnings? Omkar Tanksale answers
I do not think there will be a bigger disappointment because I believe TCS is more of an executioner and performs well off execution. We are expecting around 0.7% of the CC revenue growth and 1.5% of the growth in the rupee terms.
I Squared closes in to buy ATC's India telecom towers for $1.5-$2 bn
The two sides have entered into a 60-day exclusivity agreement for bilateral negotiations that could end in ATC selling a minimum of 51% in its India unit, ATC Telecom Infrastructure Pvt Ltd (ATC-TIPL), to cashing out entirely at an enterprise value of around $1.5-2.0 billion, the people said. I Squared has been competing with Canada’s Brookfield and US infrastructure fund Stonepeak Partners for the stake.
Consumers are seizing the energy transition from big business
Households who were earlier in the back seat of this transition have now moved to the driving seat.
CEO Transition: Leave them to their own devices
Over the next 12 months CEOs of several large corporations --- Kotak Mahindra Bank, SBI, HUL, TCS, ICICI Prudential, Tech Mahindra, HDFC etc will see a CEO transition. That as per brokerage Jefferies translates to a $465 billion marker cap. Put in perspective – that’s 21% of Nifty’s weight, 17% of FII holdings. So, a significant value will be at play as several corporates undergo the most significant event of their evolution.
View: A 'rare' opportunity for India to cash in on
What is, perhaps, less known is the very wide spectrum of applications that the 17 REEs are used in. It is also little known that India possesses significant reserves of REEs - much less than China but significantly more than the US and Australia that are big producers. There is a strong strategic and economic case for India to focus on this sector.
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